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Best for

Disbursing Recurring Benefits

  • Easy onboarding with multiple KYC options

  • Exclusive discounts and deals on top brands

  • 5 years validity for long-term usage

Semi-Closed: Maximum Benefits

  • Wide acceptance

    Usable at any Visa-enabled Point of Sale (POS) machines and online stores across the country.

  • Reloadable options

    Can be reloaded based on corporate schedules, providing flexibility for recurring payments

  • Enhanced security and control

    Limits the spending to the loaded amount, minimising risks associated with traditional cash handling.

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Trust in every transaction

The Semi-Closed Prepaid Card comes with an embedded microchip for high-level security.

Semi-Closed Prepaid Card: Fees and charges

  • Annual Fee

    ₹250 + GST as applicable

  • Joining fee

    ₹250 + GST as applicable

  • Card replacement fee

    ₹200 + GST as applicable

  • Balance Inquiry from ICICI Bank ATMs

    Free

  • Balance Inquiry from non-ICICI Bank ATMs

    ₹8.5 per inquiry + GST as applicable

  • Annual Maintenance Fee

    ₹25 + GST as applicable after card expiry

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About Semi-Closed Prepaid Card

About ICICI Bank Semi-Closed Prepaid Card

ICICI Bank’s Semi-Closed Prepaid Card is designed specifically for corporate needs, enabling companies to manage recurring payments such as provision of dealership incentives, disbursal of reimbursement or petty cash, incentives or rewards to employees and recurring gifting solutions for your company. With wide acceptance at Visa-enabled Point of Sale (POS) terminals and online platforms, this prepaid card brings flexibility, security and efficiency to corporate disbursements. The Semi-Closed Card eliminates the need to handle cash, offering a streamlined payment alternative that enhances corporate operations and user convenience.

How it works
  • Card Loading: Corporates send funds to ICICI Bank to load funds onto the Semi-Closed Prepaid Card as per their disbursement schedule. Corporates with an ICICI Bank Current Account can also load funds directly onto the card through the Corporate Net Banking (CIB) portal
  • Employee or dealer usage: Cardholders can then use the card to make purchases at any Visa-enabled retail stores, ATMs or e-commerce sites
  • Tracking and control: Corporates can manage the card through SMS, ICICI Bank InstaBIZ app, Self Care portal or Customer Care

Semi-Closed Prepaid Card FAQs

What is an ICICI Bank Semi-Closed Prepaid Card?

It is a prepaid card designed for corporates to manage recurring payments, such as employee rewards or dealer commissions, accepted at Visa-enabled POS terminals and e-commerce sites.

Where can a Semi-Closed Prepaid Card be used?

This is widely accepted at all Visa-enabled physical retail stores, ATMs and online platforms, providing flexibility for recipients.

Can the Semi-Closed Prepaid Card be reloaded?

Yes.

What are the benefits of using a Semi-Closed Prepaid Card for corporate disbursements?

The card streamlines payments, reduces the need for cash handling, enhances security and provides tracking and control for corporate administrators.

How can a corporate apply for a Semi-Closed Prepaid Card?

Corporates can send an e-mail to mwcenquiry@icicibank.com or consult their Relationship Manager for assistance with the application.

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Take a word from our customers

  • R

    Rishabh Pathak

    Rating: 4.2 stars

    The ICICI Bank Student Prepaid Card has been an excellent financial tool for managing my expenses as a student. It offers a range of features and benefits that make it a perfect companion for my academic journey. Card has been a reliable and convenient way to manage my finances as a student. It’s secure, easy to use, and helps me stay within my budget while enjoying great perks.

  • S

    Saurabh Dutta

    Rating: 4.5 stars

    The ICICI Bank BizPay Card has been an exceptional tool for managing my business expenses efficiently while enjoying a host of benefits. This card has been a game-changer for my business, offering a perfect blend of convenience, control, and rewards. Highly recommended for business owners looking to streamline their expense management! 

  • D

    Devesh Singh

    Rating: 5 stars

    The ICICI Bank Gift Card has been an excellent choice for gifting and personal use, offering flexibility and convenience. I’ve loved how easy it is to use across a wide range of online and offline merchants, making it a versatile option for shopping, dining, and entertainment. The instant activation and hassle-free redemption process make it a standout choice for last-minute gifting or personal indulgences

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